… This obsession and these failures were widespread across the industry – few companies have emerged without scars to show, and some are still in the throes of financial crises largely precipitated by overinvestment in these expensive, risky ventures . …
… Blame the arrival of smartphones; blame the fact that bringing in this new demographic turned out to be easier than holding on to them; blame the building backlash to the expansion of the medium's horizons that a few years later would culminate in the ugly misogyny of Gamergate. …
… Roblox is still a very big company by industry standards, but investors seem far less assured that it deserves its status as a growth stock. …